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MULLEN ALERT: Bragar Eagel & Squire, P.C. is Investigating Mullen Automotive, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

1. Mullen Automotive faces investigation for alleged false statements to investors. 2. A class action complaint claims breaches of fiduciary duties by the board. 3. The CEO reportedly misled about reverse stock splits and partnerships. 4. Investors may have suffered damages when truth emerged in the market. 5. Long-term stockholders are invited to share information about their experiences.

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FAQ

Why Very Bearish?

The allegations of misrepresentation could severely damage investor trust. Historical cases, like those of Tesla and Nikola, illustrate how legal issues can cause significant stock declines.

How important is it?

The potential for legal and financial repercussions greatly heightens relevance. Misleading information can lead to regulatory scrutiny and investor lawsuits, which traditionally destabilize stock prices.

Why Short Term?

Immediate market reaction to legal issues typically affects stock prices quickly. In other instances, like Wells Fargo’s account scandal, initial drops were swift as investor confidence waned.

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NEW YORK, April 17, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Mullen Automotive, Inc. (NASDAQ:MULN) on behalf of long-term stockholders following a class action complaint that was filed against Mullen on March 26, 2025 with a Class Period from May 2022 to March 2025. Our investigation concerns whether the board of directors of Mullen have breached their fiduciary duties to the company. The Complaint alleges that throughout the Class Period, Defendants made false and misleading statements and/or failed to disclose that: (1) Mullen had no intent of implementing a reverse stock split when in-fact the Chief Executive Officer David Michery ("CEO" or "Michery"), and Mullen believed one was imminent and necessary; (2) Mullen overstates its deals with business partners, including Rapid Response Defense Systems ("RRDS") and Mullen Advanced Energy Operations, LLC ("MAEO"); (3) Mullen overstates its battery technology capabilities and partnerships (i.e., Lawrence Hardge related allegations); (4) Mullen misled the investing public about its reverse splits; (5) Mullen and Michery knew or should have known about Lawrence Hardge's previous convictions for financial crimes and moral turpitude and disclosed this information to investors; (6) Mullen failed to disclose material information about its financing agreements; and (7) as a result, defendants' public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. If you are a long-term stockholder of Mullen, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.: Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes. Follow us for updates on LinkedIn, X, and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn and X. Contact Information: Bragar Eagel & Squire, P.C.Brandon Walker, Esq.Marion Passmore, Esq.(212) 355-4648investigations@bespc.comwww.bespc.com

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